Madison Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,476,290 | 4,255,646 | 220,644 | 28.2 | 18% |
| 2012 | 6,333,929 | 5,740,146 | 593,783 | 22.3 | 18% |
| 2013 | 7,162,513 | 6,260,642 | 901,871 | 21.7 | 22% |
| 2014 | 4,827,561 | 6,507,851 | −1,680,290 | 18.4 | 25% |
| 2015 | 6,765,009 | 5,455,897 | 1,309,112 | 23.8 | 26% |
| 2016 | 10,832,306 | 8,787,700 | 2,044,606 | 16.5 | 21% |
| 2017 | 3,767,634 | 8,239,544 | −4,471,910 | 12.0 | 21% |
| 2018 | 8,248,929 | 8,457,757 | −208,828 | 11.6 | 21% |
| 2019 | 4,947,991 | 5,205,972 | −257,981 | 18.6 | 28% |
| 2020 | 3,855,174 | 4,112,746 | −257,572 | 22.6 | 42% |
| 2021 | 12,945,005 | 2,171,182 | 10,773,823 | 115.4 | 58% |
| 2022 | 4,846,739 | 6,001,306 | −1,154,567 | 33.3 | 26% |
| 2023 | 6,023,355 | 5,287,748 | 735,607 | 44.5 | 31% |
In its most recent public year (2023), this organization brought in $735,607 more than it spent. Its reserves stood at about 44.5 months of spending, up from 28.2 in 2011. Staff pay was 31% of spending. $19,685,207 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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